Gurans Money Back Endowment with Profit Policy
This policy is of special interest to persons who, besides desiring to provide for their own old age and family, feel the need for lump sum benefits at periodical intervals. Unlike ordinary Endowment Assurance, where the full Sum Assured in the event of survivance is payable only at the end of the endowment period, under this scheme:
a. 15 Years Gurans Money Back
25% of Sum Assured at the end of 5 years
25% of Sum Assured at the end of 10 years
25% of Sum Assured at the end of 15 years with Bonus
b. 20 Years Gurans Money Back
25% of Sum Assured at the end of 5 years
25% of Sum Assured at the end of 10 years
25% of Sum Assured at the end of 15 years
25% of Sum Assured at the end of 20 years with Bonus
However, in the event of death at any time within the selected term, the full sum assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of survival benefit.
Premiums are payable for the second term years or till death if it occurs within this period.
The bonus additions to the policy will be reckoned on the full sum assured and are payable at the end of the selected term or at the life assured's death, if previous.
In the event of cessation of the premium under this policy, paid-up assurance, payable at the end of the selected term of years or at the life assured's death if previous, is automatically secured provided premiums have been paid under the policy for not less than two years and a minimum paid-up assurance of Rs.1000/- exclusive of any attached bonus secured.